Exxon and Macquarie in $11.7m US lawsuit over gas contract

HOUSTON: Exxon Mobil Corp is suing Australia’s Macquarie Energy in a Texas court to avoid paying $11.7 million for missed deliveries during...

Oil prices rise after Saudi minister urges caution on market

LONDON: Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance...

Saudi prince pushes on with $500bn megacity as US points the finger over Khashoggi killing

DUBAI: It seems an unlikely vision, a megacity in the desert with no cars or roads, all run by machines that can...

Honda’s part self-driving Legend a big step for autonomous tech

TOKYO: Honda Motor Co Ltd on Thursday unveiled a partially self-driving Legend sedan in Japan, becoming the world’s first carmaker to sell...

OPEC+ debates whether to raise or freeze oil output as price recovers

DUBAI/MOSCOW: OPEC and its allies in will decide on Thursday whether to freeze oil output or raise it slightly from April as...

Microsoft introduces future of virtual collaboration through Mesh

Teleporting to a meeting as a hologram is one step closer to reality following a new announcement from Microsoft, as a preview...

Samsung considering four sites in US for $17bn chip plant

SEOUL: Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas,...

Oil gains as OPEC+ considers rollover rather than output boost

LONDON: Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week,...

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

BEIJING: Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as...

Betting on death of petrol cars, Volvo to go all electric by 2030

LONDON: Volvo’s entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of...

Oil slips on fears over higher OPEC supply, slower China demand

LONDON: Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week...

India woos Tesla with offer of cheaper production costs than China

NEW DELHI: India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if...

How a 10-second video clip sold for $6.6 million

MIAMI: In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched...

Oil jumps on vaccine optimism, US stimulus

LONDON: Oil prices rose on Monday, supported by optimism about Covid-19 vaccinations, a US stimulus package and growing factory activity in Europe...

Biden urges workers to ‘make your voice heard’ as Amazon employees vote on union

WASHINGTON: President Joe Biden defended workers’ rights to form unions and warned against intimidation of workers in a video posted on Twitter...